Quote:
Originally Posted by ckhthankgod
This should probably say NYC more so than NYS.
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Quote:
Originally Posted by bumblebyz
If you actually look at the map in the article it's the entire state that's suffering from unaffordability.
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That map is showing renters. In much of Upstate NY, especially in the rural counties like Chautauqua where I live, renters tend to be disproportionately poor, so even what would be low rents take up large % of their incomes. In fact, in my city, you're much better off buying than renting. My entire house payment, when I bought my house almost a dozen years ago, was only about $80 a month more than the rent I was paying.
The prices for existing homes all over Upstate NY are much closer to the prices in many areas of the Midwest than to the prices anywhere along the East Coast. I think the only areas where that's probably not true is in the parts of the Hudson Valley that are within long commuting distance to NYC.